An electronic device and method of providing network service are provided. The electronic device includes at least one processor configured to select a subscriber profile to be used by an external electronic device functionally connected to the electronic device from among a plurality of subscriber profiles available in the electronic device, and a communication interface configured to provide, to the external electronic device, a network service based on the subscriber profile selected. The method includes receiving a network connection request from an external electronic device functionally connected to an electronic device; selecting a subscriber profile to be used by the external electronic device from among a plurality of subscriber profiles available in the electronic device in response to the network connection request received by the electronic device; and providing, by the electronic device, a network service based on the selected subscriber profile to be used by the external electronic device.