An electronic device includes an ultra-wide band (UWB) circuit, and at least one processor comprising a controller of UWB circuit. The at least one processor is configured to transmit, through UWB circuit operating in a first mode, a first signal for a first field in a first frame, transmit, through UWB circuit operating in the first mode, a second signal including designated information for a second field in the first frame, receive, through UWB circuit operating in the first mode, a first reflected signal related to the first signal and a second reflected signal related to the second signal, respectively, caused by an external object, according to a state of the designated information identified from the second reflected signal, obtain information on the external object based on the first reflected signal or transmit a second frame through UWB circuit operating in a second mode.