Provided are an apparatus and method for receiving digital multimedia broadcasting (DMB) signals in a wireless terminal. The apparatus includes a first antenna for receiving a satellite DMB signal and a first terrestrial DMB signal, a second antenna for receiving a second terrestrial DMB signal, a satellite DMB receiver for processing the satellite DMB signal, a terrestrial DMB receiver for processing the first and second terrestrial DMB signals, and a switch for switching the satellite DMB signal and the first terrestrial DMB signal received by the first antenna to one of the satellite DMB receiver and the terrestrial DMB receiver.