In a method for dynamically adjusting power consumption of a wireless assembly in a communication device a first signal indicative of activity of a first wireless interface unit and a second signal indicative of activity of a second wireless interface unit are received at a dynamic power management unit. The first wireless interface unit configured to operate according to a first communication protocol. The second wireless interface unit configured to operate according to a second communication protocol. The second communication protocol is different than the first communication protocol. A supply voltage level needed to support the activity of the first wireless interface unit and the activity second wireless interface unit is supported based on the first signal and the second signal. A supply voltage supplied to the wireless assembly is adjusted based on the supply voltage level.