diff --git a/recipes-osmocom/osmo-hnbgw/osmo-hnbgw_git.bb b/recipes-osmocom/osmo-hnbgw/osmo-hnbgw_git.bb
index df8c946..04b1ddc 100644
--- a/recipes-osmocom/osmo-hnbgw/osmo-hnbgw_git.bb
+++ b/recipes-osmocom/osmo-hnbgw/osmo-hnbgw_git.bb
@@ -1,7 +1,7 @@
 require ${PN}.inc
 
 S = "${WORKDIR}/git"
-SRCREV = "1.2.0"
+SRCREV = "1.2.1"
 SRC_URI = "git://git.osmocom.org/osmo-hnbgw.git;protocol=git;tag=${SRCREV};nobranch=1"
-PV = "1.2.0+gitr${SRCPV}"
+PV = "1.2.1+gitr${SRCPV}"
 PR = "${INC_PR}.0"