As the Asus company told it before that it would be rolling out the Android 5.0 Lollipop for its new smartphone Zenfone 5 of the LTE variant. The Asus even posted the changelog for its latest rollout for Android 5.0 Lollipop for Asus Zenfone 5 LTE of A500KL.
It is available on the ZenTalk forum which would indeed want to make sure that the users are having the smartphone running on the V22.214.171.124 of the software version before they update. The update would be about 820MB of the size while the user is asked to follow the SOP for the new update.
To have just a quite speed recap, the new Asus Zenfone 5 LTE which was launch in July in Taiwan was tagged at NTD 6,990 which would be roughly about Rs. 14,000. It is to note that the Asus did not launch its Zenfone 5 models in India yet. Its launch is awaited in India.