Until 1992,the long-distance telephone business was a monopoly in Canada,and cable TV,which has had a local monopoly for years,will lose it when telephone companies and satellite broadcasters are allowed into the cable business.
直到1992年,长途电话行业在加拿大还是一个垄断行业,而拥有多年地方垄断历史的电信电视,一旦电话公司和卫星广播公司被允许进入电信行业,将失去这一垄断地位.
will lose it 是指“失去垄断地位”.