Various embodiments relate to an apparatus and a method for managing coexistence of multiple communication schemes by an electronic device. The electronic device may include: a first communication circuit configured to support a first frequency band; a second communication circuit configured to support at least a part of the first frequency band and a second frequency band; a first switch connected to the first communication circuit; a second switch connected to the second communication circuit and the first switch; a first antenna connected to the first switch and configured to support the first frequency band; and a second antenna connected to the second switch and configured to support the second frequency band, wherein based on the second communication circuit using the first frequency band, the second communication circuit is configured to control the first switch and the second switch to selectively connect the first antenna to one of the first communication circuit or the second communication circuit.