Thank you for writing.
I assume that you want the hyperlink cells to have behavior based on some condition - in some cases the cells to have normal functionality but in other cases to show only text. If so, you can do that with the following code in the CellFormatting event handler:
GridHyperlinkCellElement gridLink = e.CellElement
gridLink.ContentElement.Visibility = Telerik.WinControls.ElementVisibility.Hidden;
e.CellElement.Text = gridLink.ContentElement.Text;
Attached is a sample project that comprises the code above.
If this is not the case, please describe in greater details what is your goal, so I can provide you with adequate support.
I hope this helps. Let me know if you have any additional questions.
the Telerik team