The issue seems to have been finally resolved with the iOS 14.3 update.
As mentioned earlier I have a Xs.
I updated to 14.3 yesterday and since then there is no loss in the Network even once.
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I have an Iphone Xs and i updated to iOS 14.3 and it has been almost 4 hours that the Network Data has not dropped.
Keeping my fingers crossed.
I will update if the issue is resolved permanently post the iOS 14.3 update.
I have been facing the same issue since i upgraded to iOS 14. The issue still persists even with iOS 14.1 and iOS 14.2.
What i noticed is when i switch on my personal hotspot and connect my macbook then the network drop issue doesn't arise.
Apple can you please look into the same as it has been almost 3 months I have been facing this issue.
Whenever i travel i have to change the Voice and Data to 3G so that there is no drop in the Network Signal.
This means whenever i am out there is no Data.