A method and apparatus are provided to provide for timely switching between antenna port configurations as the mode of operation of a mobile terminal changes which may, in turn, dictate different combinations of the MIMO, CoMP and/or CA capabilities. In this regard, a method is provided that includes utilizing one or more antennas in a first antenna port configuration in a first mode of operation. The method may also receive a command that triggers switching to another antenna port configuration and then determines another one of a plurality of antenna port configurations to be utilized in response to the command. The method may then utilize one or more antennas of the another one of the antenna port configurations in a second mode of operation. A corresponding apparatus and computer program product are also provided.