The realization of advanced electrical grid functionalities, e.g., phasor measurement unit (PMU) information acquisition in wide-area monitoring systems (WAMS), requires a scalable and reliable underlying communication technology. Cellular networks, e.g., LTE/LTE-A systems, appear as a promising option to facilitate the smart grid evolution. However, the effect of LTE communication constraints on power system state estimation (SE) has not been thoroughly addressed in the literature. In this paper, we investigate the impact of the LTE random access channel (RACH) reliability on the transmitted PMU measurements and, consequently, on the SE accuracy. In particular, we assess the SE performance based on the achieved reliability per PMU attained with i) increasing number of contending devices, i.e., smart meters and PMUs, and ii) varying cell coverage range. Numerical results demonstrate that, under different network and traffic configurations, SE accuracy can be significantly affected by the RACH reliability levels. Useful insights can thus be drawn for a reliability-aware design of a power system state estimator in LTE-based WAMS.