diff --git a/ChangeLog b/ChangeLog
index ffdf4b86..0aa1455d 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,9 @@
+ver 0.48:
+	Fix issue with crash due to not stopped PPP timers.
+	Fix issue with offline mode handling and Huawei modem.
+	Fix issue with missing check for Huawei modem device open.
+	Fix issue with USSD and use of non-cloned GAtChat object.
+
 ver 0.47:
 	Fix issue with entering offline mode prematurely.
 	Add support for CPHS CSP network registration handling.
diff --git a/configure.ac b/configure.ac
index 7c621017..35a59ebe 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ(2.60)
-AC_INIT(ofono, 0.47)
+AC_INIT(ofono, 0.48)
 
 AM_INIT_AUTOMAKE([foreign subdir-objects])
 AM_CONFIG_HEADER(config.h)