An electronic device includes a plurality of first antennas, a second antenna, and at least one processor. The at least one processor transmits a first positioning signal using one of the plurality of first antennas or the second antenna, receives a first reception signal for the first positioning signal using at least one of the plurality of first antennas, transmits a second positioning signal using one of the plurality of first antennas or the second antenna, when an intensity of the first reception signal is less than a threshold, receives a second reception signal for the second positioning signal using at least one of the plurality of first antennas and identifies an arrival time point based on the second reception signal, receives the second reception signal for the second positioning signal using the second antenna and corrects the identified arrival time point based on the second reception signal received using the second antenna, and determines the corrected arrival time point as an arrival time point of the second reception signal.