Codename shared with another phone. V500 is also the codename of the LG G Pad 8.3. Codenames are only unique per manufacturer, so before flashing, check that a build names the Timor Telecom V500, not just V500.
Hardware
No hardware specs for this device yet.
Support
No custom ROM yet
We don't know of a custom ROM that supports the Timor Telecom V500 yet. It may only have unofficial community builds (common for newer or MediaTek devices), or none at all.
If the bootloader can be unlocked, a generic system image may still run on it: what a GSI is and when it works.
Maintain or know an official ROM for it? Tell us.
ROM availability and links come from each project. CustomDroid indexes builds, it doesn't mirror them — always download from the official project, verify the file's hash/signature, confirm it matches your exact codename, and back up before flashing.