One of the ways to satisfy the requirements of ultra-reliable low latency communication for mission critical Machine-type Communications (MTC) applications is to integrate multiple communication interfaces. In order to estimate the performance in terms of latency and reliability of such an integrated communication system, we propose an analysis framework that combines traditional reliability models with technology-specific latency probability distributions. In our proposed model we demonstrate how failure correlation between technologies can be taken into account. We show for the considered scenario with fiber and different cellular technologies how up to 5-nines reliability can be achieved and how packet splitting can be used to reduce latency substantially while keeping 4-nines reliability. The model has been validated through simulation.