Cognitive Radio (CR) is found to be an emerging key for efficient spectrum utilization. In this paper, spectrum sharing among service providers with the help of cognitive radio has been investigated. The technique of spectrum sharing among service providers to share the licensed spectrum of licensed service providers in a dynamic manner is considered. The performance of the wireless network with opportunistic spectrum sharing techniques is analyzed. Thus, the spectral utilization and efficiency of sensing is increased, the interference is minimized, and the call blockage is reduced.