A method and device for managing a Base Station (BS) list by a first electronic device. The method includes transmitting the BS list to a second electronic device connected to the first electronic device via short-range communication; determining whether a preset time lapses from the transmission of the BS list; updating the BS list when the preset time lapses; and transmitting the updated BS list to the second electronic device. The device includes a communication module configured to transmit the BS list to a second electronic device connected to the first electronic device via short-range communication; and a list management module configured to determine whether a preset time lapses from the transmission of the BS list, update the BS list when the preset time lapses, and control the communication module to transmit the updated BS list to the second electronic device.