External audio electronic device, electronic device, and method of managing communication link

An audio electronic device includes a communication circuit; and a processor operatively connected to the communication circuit, wherein the processor is configured to establish a first communication link with an external audio electronic device through the communication circuit, receive data from a first external electronic device by monitoring a second communication link established between the external audio electronic device and the first external electronic device, and when a right for a third communication link established between the external audio electronic device and a second external electronic device is given from the external audio electronic device, manage and maintain the third communication link, and transmit and receive data to and from the second external electronic device.