A method and system for transmitting and receiving data using a plurality of antennas are disclosed. The method of transmitting includes the steps of receiving feedback information from a receiving end, the feedback information including group selection information and weight values for the plurality of antennas, grouping the plurality of antennas into a plurality of antenna groups based on the group selection information included in the feedback information, and transmitting, to a receiving end, a plurality of data streams through the plurality of antenna groups, respectively, based on the weight values.