I believe it's 5 minutes and the hardware watchdog timer. I'll try expanding it to min. 10 minutes!
I think I caught it starting to happen from the beginning prior to increasing the watchdog timer:
Serial monitor opened successfully:
0000011550 [net.pppncp] TRACE: NCP event 3
0000011550 [net.pppncp] TRACE: NCP power state changed: IF_POWER_STATE_UP
0000011550 [system.nm] TRACE: Interface 4 power state changed: UP
0000011551 [ncp.client] TRACE: Modem powered on
0000011606 [ncp.at] TRACE: > AT
0000011606 [ncp.at] TRACE: < RDY
0000011613 [ncp.at] TRACE: < OK
0000011614 [ncp.client] TRACE: NCP ready to accept AT commands
0000011614 [ncp.at] TRACE: > AT+CFUN?
0000011697 [ncp.at] TRACE: < +CFUN: 0
0000011697 [ncp.at] TRACE: < OK
0000011698 [ncp.at] TRACE: > AT+CFUN=1,0
0000011707 [ncp.at] TRACE: < OK
0000011708 [ncp.at] TRACE: > AT+QGMR
0000011715 [ncp.at] TRACE: < EG91EFBR06A07M4G_01.007.01.007
0000011715 [ncp.at] TRACE: < OK
0000011716 [ncp.at] TRACE: > AT+IFC=2,2
0000011724 [ncp.at] TRACE: < OK
0000011724 [ncp.at] TRACE: > AT
0000011728 [ncp.at] TRACE: < OK
0000011729 [ncp.at] TRACE: > AT+IPR=921600
0000011732 [ncp.at] TRACE: < OK
0000012733 [ncp.at] TRACE: > AT
0000012739 [ncp.at] TRACE: < OK
0000012741 [ncp.at] TRACE: > AT+CPIN?
0000012743 [ncp.at] TRACE: < +CPIN: READY
0000012743 [ncp.at] TRACE: < OK
0000012743 [ncp.at] TRACE: > AT+CCID
0000012744 [ncp.at] TRACE: < +CCID: 89883070000013184237
0000012745 [ncp.at] TRACE: < OK
0000012745 [ncp.at] TRACE: > AT+QDSIM=0
0000012746 [ncp.at] TRACE: < OK
0000012746 [ncp.at] TRACE: > AT+CMUX=0,0,8,1509,,,,,
0000012747 [ncp.at] TRACE: < OK
0000012748 [mux] INFO: Starting GSM07.10 muxer
0000012749 [mux] INFO: GSM07.10 muxer thread started
0000012749 [mux] INFO: Opening mux channel 0
0000012800 [mux] INFO: Opening mux channel 1
0000012852 [ncp.at] TRACE: > AT
0000012859 [ncp.at] TRACE: < OK
0000012859 [ncp.client] TRACE: NCP state changed: 1
0000012859 [net.pppncp] TRACE: NCP event 1
0000012860 [ncp.at] TRACE: > AT+QCFG="cmux/urcport",1
0000012863 [ncp.at] TRACE: < OK
0000012864 [ncp.at] TRACE: > AT+CGEREP=1,0
0000012865 [ncp.at] TRACE: < OK
0000012867 [net.ppp.client] TRACE: PPP thread event ADM_UP data=0
0000012867 [net.ppp.client] TRACE: State NONE -> READY
0000012870 [ncp.at] TRACE: > AT+CFUN=1,0
0000012872 [ncp.at] TRACE: < OK
0000012873 [ncp.at] TRACE: > AT+CCID
0000012875 [ncp.at] TRACE: < +CCID: 89883070000013184237
0000012875 [ncp.at] TRACE: < OK
0000012876 [ncp.at] TRACE: > AT+CGDCONT=1,"IP","super"
0000012879 [ncp.at] TRACE: < OK
0000012880 [ncp.at] TRACE: > AT+CFUN=1,0
0000012881 [ncp.at] TRACE: < OK
0000012882 [ncp.at] TRACE: > AT+CREG=2
0000012883 [ncp.at] TRACE: < OK
0000012883 [ncp.at] TRACE: > AT+CGREG=2
0000012885 [ncp.at] TRACE: < OK
0000012885 [ncp.at] TRACE: > AT+CEREG=2
0000012886 [ncp.at] TRACE: < OK
0000012887 [ncp.client] TRACE: NCP connection state changed: 1
0000012887 [net.pppncp] TRACE: NCP event 2
0000012887 [net.pppncp] TRACE: State changed event: 1
0000012889 [net.ppp.client] TRACE: PPP thread event LOWER_DOWN data=0
0000012890 [ncp.at] TRACE: > AT+COPS?
0000012890 [ncp.at] TRACE: < +COPS: 0
0000012891 [ncp.at] TRACE: < OK
0000012892 [ncp.at] TRACE: > AT+CEREG?
0000012893 [ncp.at] TRACE: < +CEREG: 2,2
0000012893 [ncp.at] TRACE: < OK
0000012894 [ncp.at] TRACE: > AT+CREG?
0000012895 [ncp.at] TRACE: < +CREG: 2,2
0000012896 [ncp.at] TRACE: < OK
0000012897 [ncp.at] TRACE: > AT+CGREG?
0000012899 [ncp.at] TRACE: < +CGREG: 2,2
0000012899 [ncp.at] TRACE: < OK
0000013199 [ncp.at] TRACE: < +QIND: SMS DONE
0000014199 [ncp.at] TRACE: < +QIND: PB DONE
0000015799 [ncp.at] TRACE: < +CREG: 5,"36DA","2AC1E0C",7
0000015800 [ncp.at] TRACE: > AT+CIMI
0000015800 [ncp.at] TRACE: < +CGREG: 5,"36DA","2AC1E0C",7
0000015801 [ncp.at] TRACE: < +CEREG: 5,"36DA","2AC1E0C",7
0000015803 [ncp.at] TRACE: < 234500029192019
0000015803 [ncp.at] TRACE: < OK
0000015904 [ncp.client] TRACE: NCP connection state changed: 2
0000015904 [mux] INFO: Opening mux channel 2
0000015939 [net.pppncp] TRACE: NCP event 100
0000015939 [net.pppncp] TRACE: New auth info
0000015942 [net.pppncp] TRACE: NCP event 2
0000015942 [net.pppncp] TRACE: State changed event: 2
0000015943 [net.ppp.client] TRACE: PPP thread event LOWER_UP data=0
0000015943 [net.ppp.client] TRACE: State READY -> CONNECT
0000015944 [ncp.at] TRACE: > AT+CIMI
0000015947 [ncp.at] TRACE: < 234500029192019
0000015947 [ncp.at] TRACE: < OK
0000015947 [net.ppp.client] TRACE: State CONNECT -> CONNECTING
0000017052 [ncp.at] TRACE: > AT
0000017053 [ncp.at] TRACE: < OK
0000017054 [ncp.at] TRACE: > ATO
0000017056 [ncp.at] TRACE: < NO CARRIER
0000017057 [ncp.at] TRACE: > ATD*99***1#
0000017076 [ncp.at] TRACE: < CONNECT 150000000
0000017076 [net.ppp.client] TRACE: PPP phase -> Initialize
0000017077 [net.ppp.client] TRACE: PPP phase -> Establish
0000017078 [lwip.ppp] TRACE: sent [LCP ConfReq id=0x1 <asyncmap 0x0> <magic 0x585236a8> <pcomp> <accomp>]
0000017083 [lwip.ppp] TRACE: rcvd [LCP ConfReq id=0x0 <asyncmap 0x0> <auth 0xc223 05> <magic 0x3f241afe> <pcomp> <accomp>]
0000017085 [lwip.ppp] TRACE: sent [LCP ConfNak id=0x0 <auth pap>]
0000017087 [lwip.ppp] TRACE: rcvd [LCP ConfAck id=0x1 <asyncmap 0x0> <magic 0x585236a8> <pcomp> <accomp>]
0000017090 [lwip.ppp] TRACE: rcvd [LCP ConfReq id=0x1 <asyncmap 0x0> <auth pap> <magic 0x3f241afe> <pcomp> <accomp>]
0000017090 [lwip.ppp] TRACE: sent [LCP ConfAck id=0x1 <asyncmap 0x0> <auth pap> <magic 0x3f241afe> <pcomp> <accomp>]
0000017092 [lwip.ppp] TRACE: sent [LCP EchoReq id=0x0 magic=0x585236a8]
0000017093 [net.ppp.client] TRACE: PPP phase -> Authenticate
0000017093 [lwip.ppp] TRACE: sent [PAP AuthReq id=0x1 user="" password=""]
0000017097 [lwip.ppp] TRACE: rcvd [LCP DiscReq id=0x2 magic=0x3f241afe]
0000017100 [lwip.ppp] TRACE: rcvd [LCP EchoRep id=0x0 magic=0x3f241afe 58 52 36 a8]
0000017101 [lwip.ppp] TRACE: rcvd [PAP AuthAck id=0x1 ""]
0000017102 [net.ppp.client] TRACE: PPP phase -> Network
0000017102 [lwip.ppp] TRACE: sent [IPCP ConfReq id=0x1 <addr 0.0.0.0> <msdns1 8.8.8.8> <msdns2 8.8.4.4>]
0000017127 [lwip.ppp] TRACE: rcvd [IPCP ConfReq id=0x0]
0000017127 [lwip.ppp] TRACE: sent [IPCP ConfAck id=0x0]
0000017130 [lwip.ppp] TRACE: rcvd [IPCP ConfNak id=0x1 <addr 100.71.14.37> <msdns1 8.8.4.4> <msdns2 8.8.8.8>]
0000017131 [lwip.ppp] TRACE: sent [IPCP ConfReq id=0x2 <addr 100.71.14.37> <msdns1 8.8.4.4> <msdns2 8.8.8.8>]
0000017135 [lwip.ppp] TRACE: rcvd [IPCP ConfAck id=0x2 <addr 100.71.14.37> <msdns1 8.8.4.4> <msdns2 8.8.8.8>]
0000017139 [system.nm] INFO: State changed: IFACE_UP -> IFACE_LINK_UP
0000017140 [net.ppp.client] TRACE: PPP thread event UP data=0
0000017140 [net.ppp.client] TRACE: State CONNECTING -> CONNECTED
0000017141 [system.nm] INFO: State changed: IFACE_LINK_UP -> IP_CONFIGURED
0000017143 [net.ppp.client] TRACE: PPP phase -> Running
0000017144 [net.pppncp] TRACE: Negotiated MTU: 1500
0000017179 [system] INFO: Cloud: connecting
0000017183 [system] INFO: Cloud socket connected
0000017183 [comm.protocol.handshake] INFO: Establish secure connection
0000017189 [comm.dtls] INFO: session has 1 uses
0000017205 [comm.dtls] INFO: (CMPL,RENEG,NO_SESS,ERR) restoreStatus=0
0000017207 [comm.dtls] INFO: out_ctr 0,1,0,0,0,0,0,114, next_coap_id=60
0000017207 [comm.dtls] INFO: restored session from persisted session data. next_msg_id=96
0000017209 [comm.dtls] INFO: session cmd (CLS,DIS,MOV,LOD,SAV): 2
0000017675 [ncp.at] TRACE: > AT+CFUN?
0000017677 [ncp.at] TRACE: < +CFUN: 1
0000017677 [ncp.at] TRACE: < OK
0000017678 [ncp.at] TRACE: > AT+CCID
0000017679 [ncp.at] TRACE: < +CCID: 89883070000013184237
0000017680 [ncp.at] TRACE: < OK
0000017681 [ncp.at] TRACE: > AT+CGSN
0000017682 [ncp.at] TRACE: < 868986062318556
0000017682 [ncp.at] TRACE: < OK
0000017683 [ncp.at] TRACE: > AT+CGMR
0000017684 [ncp.at] TRACE: < EG91EFBR06A07M4G
0000017685 [ncp.at] TRACE: < OK
0000017685 [comm.dtls] INFO: session cmd (CLS,DIS,MOV,LOD,SAV): 4
0000017687 [comm.dtls] INFO: session cmd (CLS,DIS,MOV,LOD,SAV): 3
0000017687 [comm.protocol.handshake] INFO: Sending HELLO message
0000017689 [comm.coap] TRACE: Sending CoAP message
0000017689 [comm.coap] TRACE: CON POST /h size=39 token= id=97
0000023571 [comm.coap] TRACE: Retransmitting CoAP message; ID: 97; attempt 1 of 3
0000023571 [comm.coap] TRACE: Sending CoAP message
0000023572 [comm.coap] TRACE: CON POST /h size=39 token= id=97
0000031385 [ncp.at] TRACE: < +CREG: 5,"36DA","282D26F",7
0000031485 [ncp.at] TRACE: < +CGREG: 5,"36DA","282D26F",7
0000031585 [ncp.at] TRACE: < +CEREG: 5,"36DA","282D26F",7
0000035086 [comm.coap] TRACE: Retransmitting CoAP message; ID: 97; attempt 2 of 3
0000035086 [comm.coap] TRACE: Sending CoAP message
0000035087 [comm.coap] TRACE: CON POST /h size=39 token= id=97
0000053929 [comm.coap] TRACE: Retransmitting CoAP message; ID: 97; attempt 3 of 3
0000053929 [comm.coap] TRACE: Sending CoAP message
0000053930 [comm.coap] TRACE: CON POST /h size=39 token= id=97
0000062285 [ncp.at] TRACE: < +CREG: 5,"36DA","282D20D",7
0000062385 [ncp.at] TRACE: < +CGREG: 5,"36DA","282D20D",7
0000062485 [ncp.at] TRACE: < +CEREG: 5,"36DA","282D20D",7
0000088429 [comm.coap] ERROR: CoAP message timeout; ID: 97
0000088430 [comm.dtls] INFO: session cmd (CLS,DIS,MOV,LOD,SAV): 0
0000088430 [comm.dtls] INFO: session cmd (CLS,DIS,MOV,LOD,SAV): 4
0000088434 [comm.protocol.handshake] ERROR: Could not send HELLO message: 10
0000094185 [ncp.at] TRACE: < +CREG: 5,"36DA","282D26F",7
0000094285 [ncp.at] TRACE: < +CGREG: 5,"36DA","282D26F",7
0000094385 [ncp.at] TRACE: < +CEREG: 5,"36DA","282D26F",7
0000096064 [system] ERROR: Failed to determine server address
0000096064 [system] WARN: Internet test failed: -170 DNS
0000096065 [system] WARN: Cloud handshake failed, code=-160
0000096316 [system] INFO: Cloud: disconnecting
0000096316 [system] INFO: Cloud: disconnected
0000096317 [system] INFO: Cloud: connecting
0000096322 [system] WARN: Failed to load session data from persistent storage
0000100064 [system] ERROR: Failed to determine server address
0000100064 [system] WARN: Cloud socket connection failed: -230