An electronic device includes a housing, at least one antenna located in the housing, a Wi-Fi module that is electrically connected with the at least one antenna, supports a Wi-Fi protocol, and includes one core, a processor that is located in the housing and is operatively connected with the Wi-Fi module, and a memory operatively connected with the processor. The memory stores instructions, when executed, causing the processor to establish a Wi-Fi link on a first channel with an access point (AP), through the Wi-Fi module, establish a mobile hotspot link on the first channel with an external electronic device, through the Wi-Fi module, detect an event associated with a change in state of the Wi-Fi link, and change a state of the mobile hotspot link, based at least on the detected event.