Workbook workbook;
 Telerik.Windows.Documents.Spreadsheet.FormatProviders.IWorkbookFormatProvider formatProvider = new Telerik.Windows.Documents.Spreadsheet.FormatProviders.TextBased.Txt.TxtFormatProvider();

 using (Stream input = new FileStream(@"sample.txt", FileMode.Open))
 {
     workbook = formatProvider.Import(input);
 }