We consider multicell multiuser MIMO systems with a very large number of antennas at the base station (BS). We assume that the channel is estimated by using uplink training. We further consider a physical channel model where the angular domain is separated into a finite number of distinct directions. We analyze the so-called pilot contamination effect discovered in previous work, and show that this effect persists under the finite-dimensional channel model that we consider. In particular, we consider a uniform array at the BS. For this scenario, we show that when the number of BS antennas goes to infinity, the system performance under a finite-dimensional channel model with P angular bins is the same as the performance under an uncorrelated channel model with P antennas. We further derive a lower bound on the achievable rate of uplink data transmission with a linear detector at the BS. We then specialize this lower bound to the cases of maximum-ratio combining (MRC) and zero-forcing (ZF) receivers, for a finite and an infinite number of BS antennas. Numerical results corroborate our analysis and show a comparison between the performances of MRC and ZF in terms of sum-rate.