Since we are still in development with bionic and things change quickly,
please re-try with the very latest kernel which is right now:
$ sudo apt -y -qq update && rmadison --arch=ppc64el linux-generic | grep bionic
linux-generic | 18.104.22.168.16 | bionic | ppc64el
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[Ubuntu 18.04] Guest fails to boot with "console=ttyS0,115200"
included in kernel param
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