(Reuters) - Zegona Communications is weighing ending a long-term contract with telecom network provider Vantage Towers over prices charged by the Germany-based company, Bloomberg News reported on Wednesday.

The British telecom investment company has been negotiating lower prices for Vodafone Spain, which it bought last year, and may shift to a different tower provider if Vantage does not reduce the annual fees by 50 million euros ($54.34 million), the report said, citing people familiar with the matter.

Vodafone Spain has approached other tower companies in Spain, including Cellnex Telecom SA, American Tower Corp and Orange SA's Totem, to assess costs and feasibility, the report added.

Vantage Towers, Cellnex, American Tower, and Orange did not immediately respond to Reuters requests for comment, while Zegona declined to comment.

($1 = 0.9202 euros)

(Reporting by Aatrayee Chatterjee and Anandita Mehrotra in Bengaluru; Editing by Shounak Dasgupta and Devika Syamnath)