There has been a lot of discussion about this with the 3.x.x firmware. The problem is that the device will only connect properly once and needs to be powered off and on to fix it. It seems to be a clash between the device, the router and DHCP. A workaround is to reserve the IP address on the router. This works for a lot of people, but hasn't worked for some.
I do know Kobo is actively working on this. Hopefully the fix will be in the next firmware.
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