Independent Broadcasting Authority rival Sky Television plc was able to launch an analogue service and intended to overshadow BSB by leasing transponders from Société Européenne des Satellites' RCA Astro-built satellite, Astra 1A. After around a year, the company merged with BSB. The IBA was disbanded as part of the Broadcasting Act 1990, being replaced on New Year's Day 1991 by the Independent Television Commission (ITC) (which also absorbed the Cable Authority), and the Radio Authority (RAu), which have since been merged with other regulators such as Broadcasting Standards Commission (BSC) and Oftel (Office of Telecommunications) to form one regulator, Ofcom. All of the
British Satellite Broadcasting believing it would encourage more users, especially with its dedicated movie channel. BSB's original satellite channels were: Around the time of the licence award, Amstrad withdrew its backing as they believed it was not possible to sell a satellite dish and receiver for £250. Australian businessman Alan Bond joined the consortium along with Reed International, Chargeurs, Next plc and London Merchant Securities amongst others. BSB earmarked the bulk of the first round of financing for buying and launching two satellites (for redundancy and provision of further channels later) and planned a second round close to the commencement of broadcasting operations.